We had a brief item last week when Starbucks announced it was closing 600 stores and letting 12,000 employees go. One reason? The slowing economy, which has reduced demand for a $5 cup of coffee. But several experts said the chain was also overbuilt –- horribly, woefully overbuilt. Said one analyst: "They probably made some poor real-estate decisions. …"
Which got me to thinking: How many Starbucks do we have in this part of town? So I checked: There are 18 in our East Dallas and Lakewood magazine delivery area, including six in a cluster along Greenville Avenue from Mockingbird to Northwest Highway.
Guess that is horribly, woefully overbuilt.
